Denver Market Report - April 2012
The Denver real estate market has shown signs in many parts of town of being a seller's market, and Denver's warm spring weather is creating a strong market. The inventory was down 42% in April for both single detached family homes and multi-family, which is causing some multiple offer situations especially with homes showing well and priced correctly.
Those sellers that have thought about putting their home on the market should do so 
now. The need to be realistic with the list price is still critical! Pricing homes higher than what the market can bear is still dangerous, as the appraisers are not increasing values.
Denver active listings are getting many showings a week, and buyers are making quick decisions, due to houses going under contract quickly. If you have thought about putting your home on the market, call me and we can talk about your options!
Of the current active short sale listings (detached homes) from $0-$400K, there are 469 listings, 81 available from $401,000-$999,000 and 11 available over $1,000,000+.
Of the current bank owned properties (detached homes) from $0-$400K, there are 349 listings, 48 available from $401,000 to $999,000 and 12 available over $1,000,000.
Short sale listings can have an unknown factor, as no one knows when or if they will close, unless the property has an approval. Bank owned properties (foreclosures) usually answer an offer with 3-5 days and can close like regular sales. Both are assumed to be sold AS IS.
Interest rates are rising, but still low and if you would like to see what properties would fit your criteria, give me a call, or search my web site for your Dream Home.
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